Nevada § 104B.12102 - Definitions

§ 104B.12102. Definitions

1. In this Article: (a) “ Controllable electronic record ” means a record stored in an electronic medium that can be subjected to control under NRS 104B.12105 . The term does not include a controllable account, a controllable payment intangible,

a deposit account, an electronic copy of a record evidencing chattel paper, an electronic

document of title, investment property, a transferable record or an electronic record

that is currently authorized or adopted by a domestic or foreign government and is

not a medium of exchange that was recorded and transferable in a system that existed

and operated for the medium of exchange before the medium of exchange was authorized

or adopted by a government. (b) “ Qualifying purchaser ” means a purchaser of a controllable electronic record or an interest in a controllable

electronic record that obtains control of the controllable electronic record for value,

in good faith, and without notice of a claim of a property right in the controllable

electronic record. (c) “ Transferable record ” has the meaning provided for that term in: (1) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce

Act, 15 U.S.C. § 7021(a)(1) , as amended; or (2) Subsection 1 of NRS 719.330 . (d) “ Value ” has the meaning provided in subsection 1 of NRS 104.3303 , as if references in that subsection to an “instrument” were references to a controllable

account, controllable electronic record or controllable payment intangible. 2. The following definitions in Article 9 apply to this Article: “Account debtor.” NRS 104.9102 . “Chattel paper.” NRS 104.9102 . “Controllable account.” NRS 104.9102 . “Controllable payment intangible.” NRS 104.9102 . “Deposit account.” NRS 104.9102 . “Investment property.” NRS 104.9102 . 3. Article 1 contains general definitions and principles of construction and interpretation

applicable throughout this Article.